Steem/BTC state for 21/12/12 : Steem is good but BTC is better?

in #steemleo6 months ago

If you follow my posts you probably remember about "diamond" pattern I wrote before . Now the situation looks following way:

As it was expected, the pattern worked out but now the price draws dodji candle that indicates that buyers are not so confident for future growth.

The answer can be found on weekly chart :

Stochastic RSI indicates that STEEM/BTC pair is overbought and is in the danger zone.

And the chart of BTC/USDT also explains why the Steem buyers are not so confident:

BTC has (almost?) completed its correction and is going to explode! This current "hammer" candle and Stochastic RSI that is going to return from oversold zone says that time of Sellers ended.

From my point of view, Steem/BTC price heavily needs some good fundamental news for strong and confident growth. That's why I do not keep my assets in Steem at the moment and just observe how current situation evolves...

So my advice is : stay with btc at the current moment

I do think bitcoin is better for the current day. But that is my personal opinion. Do your own research and get rich with trading!

Sort:  
UpvoteBank
Your upvote bank
__2.jpgThis post have been upvoted by the @UpvoteBank service. Want to know more and receive "free" upvotes click here

it's a best time to buy STEEM
!tip
!BEER
$trdo

Congratulations @rollie1212, you successfuly trended the post shared by @stranger27!
@stranger27 will receive 0.01740488 TRDO & @rollie1212 will get 0.01160325 TRDO curation in 3 Days from Post Created Date!

"Call TRDO, Your Comment Worth Something!"

To view or trade TRDO go to steem-engine.com
Join TRDO Discord Channel or Join TRDO Web Site

Well, great question is to buy for what? I 100% agree if you mean fiat currency, but disaagree if you mean to buy steem for bitcoin. Maybe end of the next week, but not today for sure. I hope to be wrong but Stochastic RSI looks dangerours for the Buyers, really. I think there will be some cool down to 0.000017 from the curent 0.00002 before the rocket will start.

guess your strong belief in tech analysis calls for one more tasty !BEER



Hey @stranger27, here is a little bit of BEER from @rollie1212 for you. Enjoy it!

🎁 Hi @stranger27! You have received 0.1 STEEM tip from @rollie1212!

@rollie1212 wrote lately about: Splinterlands Rewards Feel free to follow @rollie1212 if you like it :)

Sending tips with @tipU - how to guide.



Hey @stranger27, here is a little bit of BEER from @rollie1212 for you. Enjoy it!

You have received a 0.2% upvote based on your balance of 1 TMPS!

Yay!
Your post has been boosted with ESTM. Keep up the good work!
Dear reader, Install Android, iOS Mobile app or Windows, Mac, Linux Surfer app!
Learn more: https://esteem.app
Join our discord: https://discord.me/esteem

Congratulations @stranger27, your post successfully recieved 0.01740488 TRDO from below listed TRENDO callers:

@rollie1212 earned : 0.01160325 TRDO curation


To view or trade TRDO go to steem-engine.com
Join TRDO Discord Channel or Join TRDO Web Site